Croatia Inflation August 2019

Croatia: Inflation eases in August

September 16, 2019

Consumer prices declined 0.3% from the previous month in August, following a sharper 0.5% fall in July. According to the Croatian Bureau of Statistics (CBS), August’s drop was largely driven by a marked decline in prices for clothing and footwear.

Meanwhile, inflation dipped from 1.1% in July to 0.8% in August. Consequently, annual average inflation ticked down to 0.9% from the previous month’s 1.0%.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2019, which is unchanged from last month’s forecast. In 2020, the panel expects inflation to average 1.5%.

Author:Hanna Andersson, Economist

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Economic activity moderated in the first quarter on the initial impact from the Covid-19 pandemic, with GDP increasing just 0.4% on an annual basis (Q4 2019: +2.5% year-on-year), marking the worst reading since Q3 2014.

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